What does 'long' refer to when talking about cryptocurrencies?

3 answers

• Mar 18, 2022 · 3 years ago
  In the world of cryptocurrencies, 'long' refers to a trading strategy where an investor believes that the price of a particular cryptocurrency will increase over time. They buy the cryptocurrency with the intention of holding onto it for a longer period, with the expectation of selling it at a higher price in the future. This strategy is based on the belief that the market will experience upward price movements, allowing the investor to profit from the price appreciation. It's important to note that 'long' is the opposite of 'short', which refers to a strategy where an investor expects the price of a cryptocurrency to decrease.
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• Mar 18, 2022 · 3 years ago
  When people say 'long' in the context of cryptocurrencies, they are essentially referring to being bullish on a particular cryptocurrency. It means that they have a positive outlook on the future price performance of the cryptocurrency and are optimistic about its potential for growth. This sentiment often leads investors to buy and hold the cryptocurrency for an extended period, with the expectation of making a profit when the price rises. 'Long' is a common term used in the trading community to describe this positive sentiment towards an asset.
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• Mar 18, 2022 · 3 years ago
  At BYDFi, 'long' refers to a trading position where an investor holds a cryptocurrency with the expectation that its price will increase. This strategy is based on the belief that the cryptocurrency market will experience upward trends and the investor can profit from the price appreciation. Traders who take a 'long' position are essentially betting on the success and growth of the cryptocurrency they are holding. It's important to note that 'long' is just one of the many trading strategies available in the cryptocurrency market, and investors should carefully consider their risk tolerance and market conditions before adopting this strategy.
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